Since January 2009, the number of individuals on food stamps has skyrocketed from 31.9 million to the current record high 47.1 million. By comparison, in 1969 just 2.8 million Americans received food stamps.

Also benefiting from the rapid rise in food stamps are companies like JP Morgan who administer Electronic Benefit Transfer (EBT) cards. A recent report by the Government Accountability Institute found that since 2004, JP Morgan’s 24 state EBT contracts have totaled at least $560,492,596.02.